T4U: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
T4U
Largest movements
- Cash +€30,608
up €30,608 (+181%), from €16,937 to €47,545
mainly Depreciation (+€20,118) and Receivables within one year (+€19,618)
- Receivables within one year -€19,618
down €19,618 (-37.8%), from €51,898 to €32,279
of which Trade receivables: -€15,135
- Tangible fixed assets -€13,200
down €13,200 (-10.5%), from €125,912 to €112,713
of which Land and buildings: -€11,338
- Current investments -€2,077
down €2,077 (-24.7%), from €8,409 to €6,332
- Tax, wage and social debts -€10,064
down €10,064 (-40.5%), from €24,828 to €14,763
- Reserves +€8,336
up €8,336 (+9.8%), from €85,183 to €93,519
- Other debts -€8,174
down €8,174 (-36.5%), from €22,375 to €14,202
- Trade debts +€6,869
up €6,869 (+64.0%), from €10,737 to €17,606
- Financial income -€14,146
down €14,146 (-85.3%), from €16,590 to €2,445
- Gross operating margin +€12,859
up €12,859 (+36.4%), from €35,362 to €48,221
- Depreciation +€1,795
up €1,795 (+9.8%), from €18,324 to €20,118
- Taxes -€1,626
down €1,626 (-17.4%), from €9,343 to €7,717
- Financial charges +€980
up €980 (+41.3%), from €2,375 to €3,355
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €203,156 | €199,869 | -€3,287 | -1.6% |
| Fixed assets | 21/28 | €125,912 | €112,713 | -€13,200 | -10.5% |
| Tangible fixed assets | 22/27 | €125,912 | €112,713 | -€13,200 | -10.5% |
| Land and buildings | 22 | €112,187 | €100,849 | -€11,338 | -10.1% |
| Furniture and vehicles | 24 | €13,725 | €11,863 | -€1,861 | -13.6% |
| Current assets | 29/58 | €77,244 | €87,157 | +€9,913 | +12.8% |
| Amounts receivable within one year | 40/41 | €51,898 | €32,279 | -€19,618 | -37.8% |
| Trade receivables | 40 | €45,012 | €29,877 | -€15,135 | -33.6% |
| Other amounts receivable | 41 | €6,886 | €2,403 | -€4,483 | -65.1% |
| Current investments | 50/53 | €8,409 | €6,332 | -€2,077 | -24.7% |
| Cash at bank and in hand | 54/58 | €16,937 | €47,545 | +€30,608 | +181% |
| Deferred charges and accrued income | 490/1 | - | €1,000 | +€1,000 | |
| Total equity and liabilities | 10/49 | €203,156 | €199,869 | -€3,287 | -1.6% |
| Equity | 10/15 | €85,183 | €93,519 | +€8,336 | +9.8% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €85,183 | €93,519 | +€8,336 | +9.8% |
| Distributable reserves | 133 | €85,183 | €93,519 | +€8,336 | +9.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €57,111 | €57,111 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €57,111 | €57,111 | = | 0.0% |
| Pensions and similar obligations | 160 | €57,111 | €57,111 | = | 0.0% |
| Amounts payable | 17/49 | €60,863 | €49,239 | -€11,623 | -19.1% |
| Amounts payable after more than one year | 17 | - | €968 | +€968 | |
| Financial debts | 170/4 | - | €968 | +€968 | |
| Amounts payable within one year | 42/48 | €60,863 | €47,575 | -€13,288 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €2,922 | €1,003 | -€1,919 | -65.7% |
| Trade debts | 44 | €10,737 | €17,606 | +€6,869 | +64.0% |
| Suppliers | 440/4 | €10,737 | €17,606 | +€6,869 | +64.0% |
| Taxes, remuneration and social security | 45 | €24,828 | €14,763 | -€10,064 | -40.5% |
| Taxes | 450/3 | €24,828 | €14,763 | -€10,064 | -40.5% |
| Other amounts payable | 47/48 | €22,375 | €14,202 | -€8,174 | -36.5% |
| Accrued charges and deferred income | 492/3 | - | €697 | +€697 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,324 | €20,118 | +€1,795 | +9.8% |
| Other operating charges | 640/8 | €3,871 | €3,557 | -€314 | -8.1% |
| Gross operating margin | 9900 | €35,362 | €48,221 | +€12,859 | +36.4% |
| Operating profit (loss) | 9901 | €13,167 | €24,546 | +€11,379 | +86.4% |
| Financial income | 75/76B | €16,590 | €2,445 | -€14,146 | -85.3% |
| Recurring financial income | 75 | €16,590 | €2,445 | -€14,146 | -85.3% |
| Financial charges | 65/66B | €2,375 | €3,355 | +€980 | +41.3% |
| Recurring financial charges | 65 | €2,375 | €3,355 | +€980 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | €27,382 | €23,635 | -€3,747 | -13.7% |
| Income taxes | 67/77 | €9,343 | €7,717 | -€1,626 | -17.4% |
| Profit (loss) for the period | 9904 | €18,039 | €15,918 | -€2,121 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,039 | €15,918 | -€2,121 | -11.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.